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Deductions & credits
Do you have a tax liability or are you already getting everything back? The credit is a non-refundable credit which means you must have a tax liability to benefit from it. You can go back and double check your answers to be sure you answered them all correctly.
The Home Improvement Energy Efficient Credit is a non-refundable credit
- Worth up to 30% of costs with a maximum credit $2,000 for
- Air source heat pumps
- Heat Pump Water Heaters
- Biomass Stoves or Boilers
- Worth up to 30% of qualifying costs for a maximum combined total of $1,200 for the following:
- Doors, Windows and Skylights
- Insulation
- Natural Gas, Oil Propane Water Heaters
- Furnaces
- Boilers
- Central Air Conditioners ($600 maximum Credit)
- Electrical Panel Upgrades
- Home Energy Audit (up to $150)
- You can combine the $2,000 credit with the $1,200 credit for a total of $3,200
- This credit is a use it or lose it credit. If you do have enough tax liability in the year you buy and install the item, you will not be able to carry the credit forward.
- NOT available for new construction.
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‎April 14, 2025
12:33 PM